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Bloomberg Facebook Inc delivered better-than-projected third-quarter sales and steady user growth, proving that its business can endure increasing regulatory scrutiny and criticism over its immense reach and influence. The social-media giant’s monthly global user base grew by 35 million — including 3 million new users in the lucrative North American market, which had looked like it reached a plateau in ...

Bloomberg California Governor Gavin Newsom threatened a state takeover of PG&E Corp unless the beleaguered utility giant makes a swift exit from bankruptcy and improves its operations to reduce the risk of wildfires. “We are gaming out a backup plan if Pacific Gas and Electric is unable to secure its own fate and future,” Newsom said. Newsom again blasted PG&E ...

Bloomberg Apple Inc executives put aside their typical praise of the iPhone’s sleek design and breakthrough technology for more mundane topics such as instalment plans, trade-in programs and giveaways. This is the reality for the Cupertino, California-based technology giant. The smartphone market is saturated and growing slowly at best, so Apple must find new ways to persuade consumers to upgrade ...

It increasingly seems that the fate of Donald Trump’s presidency will be settled by that old political standby: public opinion. By all reports, Democrats have more than enough votes in the House of Representatives to impeach Trump — that is, to indict him for “high crimes and misdemeanors” and to send the articles of impeachment to the Senate. This now ...

No one said this was going to be easy. Deutsche Bank AG’s chief executive officer Christian Sewing is trying to shrink his company’s vast trading business and expand in lending, all while global economies sputter. But just three months into a three-year restructuring plan, he may have to rein in expectations of what it will achieve. That’s hardly reassuring. The ...

Video games usually give you infinite attempts to fail and respawn when trying to pass a level. Ultimately, though, you’d rather succeed at the first attempt. And the more time you spend playing just a handful of different games, the better you’ll get at them. That’s much like the gaming industry itself. If Ubisoft Entertainment SA’s latest flagship title proves ...

Nord Stream 2, the controversial Russian natural-gas pipeline project, has received the last permission it needs to close the distance between the Leningrad Region and the Baltic coast of Germany. It’s now probably too late for the US to prevent Russia from finishing the project by the end of this year. Nord Stream 2 is part of Russian President Vladimir ...

India’s growth this century has been fuelled by one sector above all: telecommunications. The connectivity revolution has powered India’s information technology behemoths and helped hundreds of millions of young Indians get onto the grid, giving them a chance to improve their prospects. If India is to become the sort of entrepreneurial superstar that its government hopes it will, then the ...

Tesla Inc.’s earnings can be viewed as the market’s most intense conflict fought on its smallest battlefield. The third quarter just gone is a prime example. The much-loved and much-shorted stock jumped 28% between last week’s earnings release and October 29 filing of the quarterly 10-Q statement. The $13 billion that added to the market cap was effectively balanced on ...

If the definition of insanity is doing the same thing over and over and expecting a different result, what is Indonesia playing at? The country announced an immediate halt to exports of nickel ore, sending prices gyrating as traders tried to gauge the impact of a measure that was originally slated for 2022. We’ve been here before: From 2014 to ...